Raymond James Trust N.A. Sells 119 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Raymond James Trust N.A. trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,425 shares of the technology company’s stock after selling 119 shares during the quarter. Raymond James Trust N.A.’s holdings in Tyler Technologies were worth $832,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TYL. Swedbank AB bought a new stake in Tyler Technologies during the 2nd quarter worth approximately $251,390,000. International Assets Investment Management LLC grew its holdings in Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after acquiring an additional 307,498 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after acquiring an additional 70,801 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Tyler Technologies by 18.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after purchasing an additional 65,814 shares during the last quarter. Finally, Westwind Capital increased its position in shares of Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock worth $27,062,000 after buying an additional 45,760 shares during the period. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Up 2.0 %

Tyler Technologies stock opened at $609.09 on Monday. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $631.43. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 111.15, a price-to-earnings-growth ratio of 5.41 and a beta of 0.77. The firm’s fifty day moving average price is $595.22 and its two-hundred day moving average price is $552.15. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same period last year, the firm earned $1.66 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 3,350 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total value of $1,951,609.50. Following the transaction, the director now directly owns 2,654 shares of the company’s stock, valued at approximately $1,546,140.78. This trade represents a 55.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,600 shares of company stock valued at $16,412,595. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of several recent analyst reports. Piper Sandler increased their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. DA Davidson increased their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays increased their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Truist Financial reiterated a “buy” rating and set a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, Robert W. Baird increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.